Student Accounts: Tax Information
1098-T Form The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning in 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, whether they are taxable or not. A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits. Receipt of Form 1098-T does not indicate eligibility for the tax credit. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all the information needed to claim a tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records, and carefully review IRS Form 8863. While the University will provide you with the 1098-T form, we cannot provide you with any tax advice or assistance in determining whether you are eligible.
The IRS Form 1098-T will be mailed to students by January 31st. This form will provide students with the following information:
- A summarization of the total amount of qualified tuition
- Summarization the total amount of scholarships and grants received
- Indication if the student attended at least half-time during the calendar year
- Indication if the student was a graduate student
- Indication if some of the qualified tuition, scholarships and grants were adjusted from the previous reporting year
To access your 1098-T form online from your Self Serve account:
- Log into your slink: Self Serve Account (must log into PilotsUP).
- Select Student
- Select Student Records
- Select Tax Information
You can also request a copy of your 1098-T form at (866) 428-1098. The University of Portland school code is S8.
The IRS provides the option for schools to report either "Payments received" in Box 1, or "Amounts billed" in Box 2, but not both . Once an institution has selected one of these options, they cannot change reporting methods between calendar years without IRS permission. The University of Portland reports qualified tuition and related expenses that were billed during the tax year (Box 2) and scholarships and grants (Box 5), therefore, Box 1 – Payments Received for Qualified Tuition and Related Expenses, will be blank. Since spring charges are billed in December, the qualified expense associated with that semester will appear in box 2 of the prior year’s 1098-T.
A 1098-T form will not be generated for non-resident alien students.
For information and assistance in the calculation of any applicable education tax credit or in the preparation of your income tax return, we recommend you contact a tax preparer, refer to IRS Publication 970: Tax Benefits for Higher Education (Tax Benefits for Higher Education) or contact the IRS at (800) 829-1040.
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IRS Links Internal Revenue Service
(800) 829-1040 or TTY (800) 829-4059
IRS Publication 970: Tax Benefits for Higher Education
Tax Topic 456: Student Loan Interest Deduction Tax Topic 457 Tuition and Fees Deduction
FAQ:Hope & Lifetime Learning Education CreditsFAQ:Education & Work Related Expenses
Tax Trails-Deduction for Higher Education Expenses
Tax Trails: Student Loan Interest
Canadian Tax Form (T2202A)
Form T2202A Tuition, Education, and Textbook Amount Certificate
Eligible students who attend a cohort program based in Canada will be sent an email to their up.edu account with directions on how to access Form T2202A online on or before the last day of February each year.
The University of Portland was advised in 1999 by Revenue Canada (now Canada Revenue Agency) that the tuition paid to the University of Portland to attend the program at its Canadian campus qualifies for the “tuition tax credit” for purposes of paragraph 118.5 (1)(a) of the Canadian Income Tax Act because the University’s Canadian campus is considered to be an “educational institution in Canada.”
The form T2202A supports a student’s ability to claim the “tuition tax credit” for Canadian income tax purposes. In the form we have noted if you are a full time student. As specified on the form, in order to claim this credit a student must:
A) Be enrolled at an educational institution in Canada, of which the University of Portland Canadian campus qualifies; and
B) The educational institution must be a university or college or other educational institution offering courses at the post-secondary level; and
C) Total tuition paid to the University of Portland-Canadian campus must exceed $100 for the year; and
D) The fees must not have been paid on your behalf or reimbursed by your employer or a Government of Canada or a Province of Canada
It is important to understand the
Universityof Portlandis not asserting that you will be entitled to a tax credit for your tuition which you paid to the . Please note, you must ensure you meet all other requirements under the Canadian Income Tax Act to claim the “tuition tax credit” for the tuition which you paid to the Universityof Portland if you receive a T2202A form . We suggest that you consult with an income tax advisor in Universityof Portland to determine whether or not you can claim the “tuition tax credit.” Canada
To access an electronic copy of your T2202A statement:
· Go to ECSI Student Tax Information
· Enter School Code: S8
· Enter Account #: Student ID # without preceding zeros
· Enter Pin/Password: Sent by ECSI via email to your PilotsUP account
· Select Tax Information
· Select Tax Year
· Click on View
If you don’t know your Student ID # or Pin, click on the “Need help logging in?” link. If you are still experiencing trouble with your web login, please contact ECSI at 866-428-1098.